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Unformatted text preview: beginning of each month? Assume the account's interest rate is 6%, with monthly compounding. (c) How much should be set aside today, so that it will grow to $30,000 in 15 years? The discount rate is 9%. (d) What is the present worth of an income stream that includes annual payments of $100,000 for 20 years? Assume the appropriate discount rate is 8% per year....
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- Spring '11